Meromicrofinance Laghubitta Earns Rs 34.15 Crores In 9 Months (Q3 Report)

April 28, 2022 | Investopaper

Meromicrofinance Laghubitta Bittiya Sanstha Limited (MERO) has posted a net profit of Rs 34.15 crores in the nine months of the current fiscal year 2078/79. The profit has increased by 15 percent as compared to the same period of the last year. In the previous fiscal year, Meromicrofinance Laghubitta had earned Rs 29.65  crores until the third quarter.

As of Chaitra end 2078 BS, Meromicrofinance Laghubitta has a paid-up capital of Rs 120 crores with Rs 72.49 crores as reserve and surplus. The company has floated Rs 16.24 Arba as loans and advances during this period.

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See the summarized version of the unaudited third-quarterly report of Meromicrofinance Laghubitta in the table below.

Meromicrofinance Laghubitta (MERO): Q3 Report Summary, FY 2078/79

Financial Indicators Q3, F.Y. 2078/79 Q3, F.Y. 2077/78 Percent Change
Paid up capital (Rs.’crores’) 120 100 20.00
Reserve and Surplus (Rs.’ crores’) 72.49 48.01 50.99
Borrowings (Rs.’Arba’) 10.99 9.98 10.12
Deposits (Rs.’Arba’) 3.17 2.39 32.64
Loans & Advances (Rs.’Arba’) 16.24 12.99 25.02
Net Interest Income (Rs.’crores’) 80.91 57.14 41.60
Operating Profit (Rs. ‘crores’) 54.1 46.68 15.90
Net Profit (Rs.’crores’) 34.15 29.65 15.18
Non Performing Loans, NPL (%) 3.88 1.7 128.24
Cost of Funds (%) 10.61 5.07 109.27
Earnings Per Share, EPS (Rs.) 37.95
Networth Per Share ( Rs.) 160.41
Market Price Per Share (Rs.) [Chaitra end, 2078 BS] 983
P/E Ratio 25.90

Source: Unaudited Q3 Report, FY 2078/79


The above figures are based on the un-audited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

To see the reports of other companies, CLICK HERE.



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